Janney Montgomery Scott LLC decreased its holdings in AMC Entertainment Holdings Inc (NYSE:AMC) by 69.9% during the 1st quarter, HoldingsChannel reports. The firm owned 11,592 shares of the company’s stock after selling 26,935 shares during the quarter. Janney Montgomery Scott LLC’s holdings in AMC Entertainment were worth $37,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. NEXT Financial Group Inc grew its position in AMC Entertainment by 74.6% during the 4th quarter. NEXT Financial Group Inc now owns 6,085 shares of the company’s stock worth $44,000 after acquiring an additional 2,600 shares during the last quarter. Captrust Financial Advisors grew its position in AMC Entertainment by 9.1% during the 4th quarter. Captrust Financial Advisors now owns 33,399 shares of the company’s stock worth $249,000 after acquiring an additional 2,788 shares during the last quarter. Swiss National Bank grew its position in AMC Entertainment by 3.4% during the 4th quarter. Swiss National Bank now owns 99,641 shares of the company’s stock worth $721,000 after acquiring an additional 3,300 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in AMC Entertainment during the 4th quarter worth $7,584,000. Finally, State Street Corp grew its position in AMC Entertainment by 0.4% during the 4th quarter. State Street Corp now owns 1,103,132 shares of the company’s stock worth $7,987,000 after acquiring an additional 4,841 shares during the last quarter. Institutional investors own 40.86% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Imperial Capital boosted their price objective on AMC Entertainment from $2.00 to $3.00 and gave the stock an “in-line” rating in a research report on Thursday, April 30th. Loop Capital lowered AMC Entertainment from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. ValuEngine upgraded AMC Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 11th. MKM Partners lowered AMC Entertainment from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $7.50 to $3.30 in a research report on Thursday, April 9th. Finally, Credit Suisse Group downgraded AMC Entertainment from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $12.00 to $4.00 in a report on Tuesday, March 24th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $7.60.

Shares of NYSE:AMC opened at $4.58 on Friday. The company has a market capitalization of $485.76 million, a price-to-earnings ratio of -2.63 and a beta of 1.69. The company has a debt-to-equity ratio of 8.02, a current ratio of 0.35 and a quick ratio of 0.35. The business’s 50-day moving average is $3.59 and its 200-day moving average is $6.04. AMC Entertainment Holdings Inc has a 1 year low of $1.95 and a 1 year high of $13.06.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.27. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.46 billion. AMC Entertainment had a negative return on equity of 6.69% and a negative net margin of 2.73%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. Analysts anticipate that AMC Entertainment Holdings Inc will post -4.38 EPS for the current year.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

Further Reading: How To Calculate Debt-to-Equity Ratio

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Institutional Ownership by Quarter for AMC Entertainment (NYSE:AMC)

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